Hertz Stock Potential Ideas
If price breaks the weekly resistance zone in blue, price could continue up to the $10 level, before giving a retracement. Long term getting to the $11-$13 range before toping out at the $20 range.
If price breaks below the $6.80-$6.50 level and breaks the up trend line, we could see a deeper retracement, before moving back up to top out at the $10 level.
If price breaks below the A boundary, we could see price move lower.
* this is not taking in to account any bankruptcy news. This news will expedite any of these scenarios.*
* If the bankruptcy news is positive we could see that break of the weekly resistance zone.*
* If the bankruptcy news is negative, then we will see a break to the downside and the A boundary will be broken.*
If price breaks below the $6.80-$6.50 level and breaks the up trend line, we could see a deeper retracement, before moving back up to top out at the $10 level.
If price breaks below the A boundary, we could see price move lower.
* this is not taking in to account any bankruptcy news. This news will expedite any of these scenarios.*
* If the bankruptcy news is positive we could see that break of the weekly resistance zone.*
* If the bankruptcy news is negative, then we will see a break to the downside and the A boundary will be broken.*
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.